Europe Smart Materials Industry Databook Series – Market Size & Forecast by Value Across 170+ Market Segments in Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Material

Europe Smart Materials Industry Databook Series – Market Size & Forecast by Value Across 170+ Market Segments in Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Materials, Magnetorheological Materials, Phase Change Material, and Self-Healing Material, Q2 2023 Update

According to ConsTrack360, Smart materials in the region are expected to grow by 7.7% on an annual basis to reach US$14.6 billion in 2023.

Medium to long term growth story of smart materials in Europe remains medium. Smart materials adoption is expected to grow steadily over the forecast period, recording a CAGR of 8.1% during 2023-2027. The smart materials in the country will increase from US$13.5 billion in 2022 to reach US$19.9 billion by 2027.

The smart materials industry is poised to record strong growth in Europe over the next five years. The market growth will be driven by the need for sustainable and energy-efficient construction. The innovative startup ecosystem in the construction smart materials space will also aid market growth. From smart concrete to smart construction pipes, the startups are seeking to deliver solutions that meet the demand for sustainable and energy-efficient construction

The growing research in the space, coupled with the innovative startup landscape, is also projected to aid the market growth from the medium to long-term perspective. Government involvement in the smart materials sector is also expected to grow across Europe, as countries work on their carbon neutrality plan. Overall, ConsTrack360 maintains a robust growth outlook for the smart materials market in Europe over the next five years.

Firms are using smart materials to build the most sustainable commercial buildings in Germany

The shift towards the development of more sustainable and energy-efficient buildings is expected to accelerate in 2023. This will lead to the adoption of more smart construction materials in Germany going forward.
• In September 2022, UNStudio, the Dutch architectural firm, revealed its design proposal for NION, a commercial building located in Frankfurt, Germany. The project is slated to become the most sustainable office building. The commercial project will be integrated with innovative technology leading to saved resources and will be shaped with forward-thinking architectural concepts.
• Alongside the usage of prefabricated components, the building will also use sustainable, recyclable, and circular construction materials. Notably, the commercial building will respond to weather and actual demand in an intelligent manner, which will further its boost the sustainability of the construction project.

From the short to medium-term perspective, ConsTrack360 expects more such sustainable construction projects to be launched in Germany, thereby driving the adoption of smart construction materials. This will keep aiding the growth of the market over the next five years in Germany.

The innovative startup landscape is expected to aid the smart materials market in the United Kingdom

Amid the growing shift towards sustainable construction practices, many startups have entered the United Kingdom construction smart materials space over the last few years. From Material Evolution to Mimicrete, startups are innovating in the space and launching products such as self-healing concrete. Many more innovative startups are expected to enter the market over the next five years, and will also attract funding from the government and private sector.
• In June 2022, Mimicrete, the materials technology startup, announced that the firm had received £450,000 in funding from the Innovate UK Smart Grant. Along with government funding, the startup is also backed by venture capital firms such as Vest Coast Capital and Leonas Capital.
• With this funding, Mimicrete is well-positioned to drive its research and development plans. Furthermore, the funding will also assist the firm to speed up its commercialization plans. In June 2022, the company announced the launch of its first commercial pilot program in partnership with JP Concrete. The project with JP Concrete is focused on advancing the development of Mimicrete's self-healing concrete product.

As more innovation takes place in the United Kingdom's smart materials space, ConsTrack360 expects more venture capital and private equity funding to enter the market over the next three to four years. This will keep aiding the industry growth in the smart material space from the short to medium-term perspective.

This market intelligence report from ConsTrack360 provides a detailed view of market opportunities in the smart materials industry at region level. With over 170+ KPIs, covering market size by end-use, application areas, and smart materials types in Europe, this Databook offering primarily provides data-centric analysis with charts and tables.
• End-Use Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and smart materials opportunities in various end-use sectors in Europe.
• Application Areas: Provides an in-depth analysis of smart material application areas across various end-use sector at region level.
• Smart Materials Types: Provides demand analysis of market by 9 key smart materials types. Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Materials, Magnetorheological Materials, Phase Change Material, and Self-Healing Material. This segment provides in-depth analysis of use of smart materials in end-use sectors.It also provides cross segmentation analysis of each material type into end-use and application.

ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

Scope

This title from Constrack360 is a bundled offering, combining 16 reports.

Country reports in this bundled offering provide in-depth analysis of Smart Materials. Below is a summary of key market segments offered at country level:

Smart Materials Market Size by Type, 2018-2027
• Shape Memory Alloy
• Piezoelectric Materials
• Thermo-Responsive Materials
• Magnetostrictive Materials
• Chromic Materials
• pH Sensitive Materials
• Magnetorheological Materials
• Phase Change Material
• Self-Healing Material

Smart Materials Market Size by End-Use, 2018-2027
• Aerospace & Defence Industry
• Biomedical & Pharmaceutical Industry
• Industrial Manufacturing Industry
• Technology Industry
• Construction Industry
• Food & Beverages Industry
• Automotive and Transportation Industry
• Energy & Utility Industry
• Other Industry

Smart Materials Market Size by Application Areas, 2018-2027
• Food Packaging
• Food Processing
• Food Safety
• Materials & Manufacturing
• Mechanical & Functional Response
• Process Management
• Drug Delivery Systems
• Tissue Engineering
• Diagnostics
• Antibacterial Materials
• Devices
• Building Materials
• Coatings
• Energy Storage
• Energy Harvesting
• Robotics
• Other

Smart Materials By Material X End-Use, 2018-2027

Smart Materials By Material X End-use Sector X Application, 2018-2027

Smart Materials By End-use Sector X Application, 2018-2027

Reasons to Buy
• In-depth Understanding of Smart Materials Market: Market opportunity and key data trends across 170+ market segments.
• Deeper Segmentation of Smart Materials: Market size and forecast by types, end-use, and application areas.
• Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the smart materials industry.
• Comparable Data: Get detailed and comparable data for the smart materials market across 50 countries